Saturday, 29 September 2012

Ian Brealey BSc FCA

Social Scientist, Chartered Accountant and Company Director

I presently work in 6 business areas: day rate international special work/commercial consultancy, export sales, accountancy principal, author and journalism, quarrying and large scale property development.

WarwickWarwickshireUnited KingdomCV357AP01455 612000 Work 07747867899 Mobile http://www.brealeyfoster.co.uk (accountancy)http://www.shirleyprice.co.uk (export sales)http://www.humanvalues.co.uk/ (author/journalism)http://www.brodsworthquarry.com (property development)ianbrealey@aol.comHas the right to work in the EU - Yes

Summary

I am a Warwick based experienced finance director
and interim financial and general manager.

I hold a first class degree from the
London School of Economics and qualified as an FCA with KPMG London.

I
have a demonstrable track record the qualities required of a Consultant/Director
and interim manager - Vision, Integrity, Intelligence and Energy.

I have
successfully worked with all stakeholders in documenting, planning and
achieving results. Appointed one of the UK's youngest plc finance
directors. I have completed a number of successful interim projects. I
am responsible for the management and accounts of Mininvest plc in which
I have 50% equity since 1996.

Other directorships are held and I am a
practicing chartered accountant. Experience in primary, secondary and
tertiary business education and charity.

Aged 54 and always ready for the next
full or part time finance director or interim management challenge.
Experience as FD, CEO and Chair. Psychosocial Researcher and Author of
the Human Values Model - Maintaining Optimism in the Real World. Married
4 children. Golfer, Horseman.

Costswise my Brealey Foster team and I charge on a time
basis roughly £1200 for accountancy and tax for small limited companies and £900 for
partnerships. My personal dayrate for assignments is £600 per day.

May 2009Conceived the civil engineering works, planned and
led the planning process for a 40 acre development site in a deprived
area. Dealt with professional consultants and stakeholders at all levels
from EU, Government office to staff and local residents. Cited as a
case study in excellence in a Town and Country Planning Association
report - unlocking public housing supply.
http://www.warwickshire.gov.uk/corporate/newsstor.nsf/eab8528efaf1e43c80256e85002b9c9e/072d656c9aea4ccf802575bb0032b272?OpenDocument

Publications, Courses & Events

Human Values Model 2013 This year I have delivered with colleagues quarterly days
training in a variety of settings from conferences to hospitals in the
Human Values Model which I devised to assist in maintaining positive
mood. Event organisation/Speaking May 2012 I organised an international seminar held at
Imperial College London on essential oil science, the Robert Tisserand
weekend seminar.

We offer a highly cost effective service for the filing of personal tax returns. Based on the prior year return we send you a questionnaire and ask you to update us on new bank accounts and changes in circumstances. This information is entered onto our IRIS Computorised system. The system keeps a record of your tax information and allows a query or investigation of your tax affairs to be quickly and easily dealt with.

If you have a business we provide a flexible accounts production service. This varies from the 'brown box job' of a small trader who doesnt pay VAT and gives us bank statements and invoices, PAYE/NI or cashbook maintenance, to accounts prepared from the Sage or other computorised systems for larger traders, partnerships or companies.

Can I use a directors loan to subscribe for new shares in a private trading company? Yes, and provided the company continues to trade for two years after the share issue any future loss is likely to be set against income. This may be preferred if capital gains are not in prospect.http://www.hmrc.gov.uk/helpsheets/hs286.pdf

Saturday, 15 September 2012

A combined company register is either a softback, hardback or loose
leaf folder containing the following statutory registers and company
necessities:

Register of members

Register of transfers

Register of directors

Register of secretaries

Minutes

Share certificates

Register of applications and allotments

Register of directors’ interests

Register of debentures

Register of mortgages and charges

Why do I need a combined company register?
There are numerous laws surrounding the requirement of a company to
keep these registers and details up to date and available for inspection
by members of the company and the general public.
We recommend that every limited company should purchase a combined
company register to ensure their company details are accurate and
legally filed.

We offer a number of company registersCombined Register - Limited by Shares£30.00 inclusive
Hardback Company Register for a company Limited by Shares (typical
profit making company). Presented in a high quality loose leaf binder.
Contains all required Registers plus Share Certifcates, Dividend
Vouchers, Minutes, and more. ﻿

Limited
companies are legally required to maintain a register which contains
specific information. This register is a high quality hard back loose
leaf register which contains the following.

- Register of Share Applications and Allotments

- Register of Share Transfers

- Register of Mortgages

- Register of Debentures

- Register of Members

- Register of Directors and Secretaries

- Register of Directors Interests

- Blank sheets for recording Minutes

- Share Certificates

Combined Register - Limited by Guarantee£35.00 inclusive
Hardback Company Register for a company Limited by Guarantee (not for
profit). Presented in a high quality loose leaf binder. Contains all
required Registers plus Membership Certifcates, Minutes and more. ﻿

Limited
companies are legally required to maintain a register which contains
specific information. This register is a high quality hard back loose
leaf register which contains the following.

Register
for mainiting important information relating to your LLP. This register
is a high quality hard back loose leaf register which contains the
following.

- Register of Members

- Register of Mortgages

- Register of Debentures

- Blank sheets for recording Minutes

- Space for storing Certificate of Registration

COMPANY SEALS

Under
UK Company Law there is no requirement for documents to be signed under
seal. In fact there is no requirement in law for a company to have or
use a seal at all. Any document formerly requiring the official seal of
the company can be signed “as a deed” by two officers of the company, or
where there is only a director and no company secretary, the director’s
signature must be witnessed by an independent person.
However, a
company may elect to use a seal if it prefers. Some companies prefer to
do this so as to execute documents in a more formal manner. There may
also be circumstances when a seal can be required, especially if
conducting business overseas, or entering into contracts with overseas
customers. It is possible that foreign lawyers or local regulations may
require that a company execute documents under an official seal
particularly on legal documents, contracts or lease agreements.
Many
companies as a matter of choice still use a seal for executing
documents in the UK such as formal contracts and lease agreements. Use
of a seal helps to prevent any question of irregularity in the execution
of a document as there is usually only one seal available to the
signatories and it’s use is closely controlled by the directors or the
company secretary.
The seal can be made by embossing paper, using
red wafers for an additional look of formality. Alternatively the seal
can be made with a simple ink stamp.
If you require a company seal then contact us with details of
Company name (for the outside of the seal)
Company number (inside of the seal).
Options are
Hand held plier seal
£20 inclusive
Desktop Aluminium seal
£45 inclusive
Self inking stamp seal
£40 inclusive
Wafers (red or gold) Pack of 60
£15 inclusive

Accounts, audit and approval

1. ACCOUNTSAccounts are the personal responsibility of each director to ensure that they are prepared, circulated to the members and delivered to Companies House within the time allowed. Every limited company must submit accounts to Companies House even if it has not traded.

It is important that you should know the timescale for producing accounts.

2. THE FINANCIAL YEARThis is the period covered by the accounts. For a new company, it starts on the date of incorporation, regardless of when the company actually starts doing business. For a company which has previously delivered accounts, it starts from the day after the period covered by the earlier accounts.

The financial year ends on the company's accounting reference date or, if the company wishes, on a date up to seven days either side of the accounting reference date.

A particular financial year can be less or more than 12 months, but it cannot be more than 18 months.

3. ACCOUNTING REFERENCE DATEEvery company is given an accounting reference date, but can change it using form 225. This date will be the last day of the month in which the first anniversary of its incorporation occurs. For example, a company incorporated on 14 June would have accounting reference date of 30 June (Different rules apply where the company was incorporated before 1 April 1990. In this case, the accounting reference date will be 31 March unless the company has chosen another date).

4. CONTENTS OF ACCOUNTSThe accounts and reports prepared or the members of the company must include

a director's report

a profit and loss account (or an income and expenditure account if the company is not trading for profit)

a balance sheet

A Company which qualifies as medium sized may include less detail in the profit and loss account sent to Companies House. Similarly, a small company's accounts may comprise simply an abbreviated balance sheet. These exemptions do not apply to the accounts prepared for the members.

5. GROUPSWhere a company is part of a group, the parent company must provide consolidated accounts for the group as well as individual accounts for the company.

6. AUDITIf a company has a turnover of under £1,000,000 a year and a balance sheet value of less than £1,400,000 it can claim exemption from audit. Otherwise its accounts must be audited and the auditor's report included with the accounts provided for the members and for Companies House.

The directors may appoint the first auditors to hold office until the first general meeting. After this, the auditors are normally appointed at a general meeting at which accounts are considered. The auditor must be a member of a recognised supervisory body and eligible under the rules of that body to act as a company auditor.

Auditors must normally be appointed each year but a private limited company may pass an elective resolution dispensing with this requirement. In this case, the auditors remain in office until they resign, retire or are removed.

7. AUDIT EXEMPTIONCompanies with a turnover of no more than £1,000,000 and a balance sheet total of no more than £1.4 million may dispense with an audit altogether. A company which is a member of a group may also claim exemption if the group turnover and balance sheet total do not exceed £1,000,000 and £1.4 million (£1.68 million gross) respectively. Slightly different rules apply to companies which are charities. The basis for claiming exemption will need to be stated on the balance sheet and signed by a director.

a special register company under the Trade Union and Labour Relations (Consolidation) Act 1992 or an employers association

companies where an audit is required by members holding at least 10% of issued share capital.

A dormant company may pass a resolution not to appoint auditors, but not if it is a banking or insurance company or an authorised person under the Financial Services Act.

A voluntary standard format for accounts may be used by companies which have been dormant since incorporation.

Approval of accounts and directors' report:

The accounts must be approved by the board of directors, one of whom must sign the balance sheet.

The directors' report must also be approved by the board and signed by a director or the secretary.

In both cases, the name of the person signing should be stated and copy with an original signature should be delivered to Companies House.

8. CIRCULATION OF ACCOUNTS AND REPORTSThe accounts must normally be considered by a general meeting of the company, usually the annual general meeting. A copy of the accounts and reports must be sent to every member or debenture holder, and anyone else entitled to attend, at least 21 days before the meeting takes place.

It is the duty of the directors to call the meeting at the appropriate time. In the case of a private company, the meeting to consider the accounts will normally be not later than 10 months after the accounting reference date. If the company's first accounts cover a period of more than 12 months, the time allowed will be restricted to 22 months from the date of incorporation.

For a public company the time allowed is 7 months after the accounting reference date or, in the case of first accounts covering more than 12 months, 19 months from incorporation, subject to there being a minimum period of 3 months following the period covered by the accounts.

A company may be able to claim extra time if it has overseas interests (in which case form 244 should be sent to Companies House) or if the Secretary of State has agreed that there are special reasons for doing so. In either case, the extension must be arranged before the end of the period originally allowed for delivery of the accounts.

While a company may pass an elective resolution to dispense with the laying of accounts and reports before a general meeting, the accounts and reports would still need to be circulated.

9. DELIVERY OF ACCOUNTS TO COMPANIES HOUSEThe time allowed for delivering accounts to Companies House is the same as is allowed for laying them before a general meeting. When accounts are delivered late, there is an automatic civil penalty in the range of £100 to £1000 for a private company and £500 to £5000 for a public company. Also, the directors are personally responsible for the delivery of accounts to Companies House. They are liable to prosecution in the Magistrates' Court (the Sheriff Court in Scotland) if the accounts are delivered late or not at all. A conviction would mean a criminal record and usually a fine of up to £5000. Persistent failure to delivery accounts or other documents on time could mean a daily default fine of up to £500. It could also result in the disqualification of those concerned as company directors.

The Shirley Price International College of Aromatherapy is accredited by IFPA - the International Federation of Professional Aromath...

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Welcome

Welcome to my firm. After my degree I joined KPMG London and then worked in the city in Corporate Finance. The family firm of chartered accountants has been established in Hinckley England for 50 years. I and my team look after 150 local businesses and also our London clients. Training has always been important to the firm. We have students on gap year from Sheffield Hallam university and on placement from local schools.

We work hard to support our clients to meet their business and financial objectives whether its routine company secretarial and registrar work, accounts and tax compliance, a new contract in China or the USA, a takeover, tax investigation, property development or special work.